Properties: Navona, Lumara
Developer: Toll Brothers Multifamily Living
Location: Mesa, Arizona, and Phoenix
Units: 400, 456 respectively
Toll Brothers Apartment Living, the multifamily division of single-family home builder Toll Brothers, broke ground on two new projects in the Phoenix metro area earlier this month: Navona, a 400-unit development in Mesa, Arizona, and Lumara, a 456-unit property in Phoenix. These join two other projects — Henri and Maza — to make a total of 1,317 units in the developer’s Phoenix pipeline.
Navona is a garden-style property near Mesa’s SR-24 roadway expansion, developed in partnership with Dallas-based investor Canyon Partners Real Estate. Units will range from one to three bedrooms in size, and amenities will include pickleball courts, a clubhouse and an entertainment pavilion and pool.
Lumara, a four-story midrise co-developed with New York City-based Willton Investment Management, broke ground one week after Navona in the Deer Valley submarket in North Phoenix. It will be located within a short drive of Taiwan Semiconductor Manufacturing Company’s future microchip manufacturing plant, which has attracted a number of new multifamily developments to the area. Amenities will include a heated pool, a rooftop terrace, virtual sports and a sculpture garden.
The 313-unit Henri broke ground on July 31, and is expected to be completed by 2025, offering one- and two-bedroom units. The seven-story property is located on an Opportunity Zone site on the border of Phoenix’s Roosevelt Row, an arts and culture destination. Maza is in development in Scottsdale, Arizona, and is set to add 148 units in a mid-rise property opening in summer 2025.
Phoenix has long been a booming market for new housing, with over 20,000 new units expected to deliver in 2023 alone, and employment opportunities, particularly in tech. In addition to the TSMC plant, employers near the new developments include Intel, Meta, Amazon and Apple.
Toll has three existing properties in the Phoenix market. Callia and Haverly opened in midtown Phoenix in 2022, and Canvas in Tempe, Arizona, opened in 2021 and was sold to Tempe-based student housing manager University Partners in 2022.